recessions graphs etc
Post on 08-Jul-2015
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Bellringer1. Calculate the GDP for Portugal in
2008. (in millions)
Consumers spent: $90,000
Investment: $40,000
Exported $50,000
Imports $90,000
Government: $10,000
2. What is their GDP per capita?
3. If the US GDP per capita is $49,000
and Mexico’s is $9,700, is Portugal
rich or poor? (explain)
Portugal: 10 million people
Currency: Euro
Portugal
The Business Cycle
• Changes in GDP over time
recovery
prosperity
Recession
• 6 + months of negative GDP growth
• 3 Causes?
• 6+ months of positive GDP growth
• 3 causes?
Prosperity
GDP Change Assignment1. Which part of the GDP formula is the largest? (It’s the part
you are the most involved in)
2. How many recessions has Argentina had since 1900?
3. When was their worst one?
4. Why are recessions good for selling inferior goods?
5. Calculate US GDP 2010
Consumers: $12 trillion
Investment: $1.5 trillion
Government: $2 trillion
Exports: $1 trillion
Imports: $2 trillion
6. Describe US
Trade (net….?)
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